Jefferson Bancshares, Inc. Declares Quarterly Dividend

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Fri Jun 26, 2009 3:43pm EDT 

MORRISTOWN, Tenn., June 26, 2009 (GLOBE NEWSWIRE) -- Anderson L. Smith,
President and Chief Executive Officer of Jefferson Bancshares, Inc.
(Nasdaq:JFBI), announced today that the Company's Board of Directors has
declared a cash dividend of $0.06 cents per share of common stock. The dividend
will be payable to stockholders of record as of June 30, 2009 and will be paid
on July 10, 2009.

Jefferson Bancshares, Inc. is the holding company for Jefferson Federal Bank, a
Tennessee-chartered savings bank headquartered in Morristown, Tennessee.
Jefferson Federal Bank is a community-oriented financial institution offering
traditional financial services with offices in Hamblen, Knox, Sullivan and
Washington Counties, Tennessee. The Company's stock is listed on the NASDAQ
Global Market under the symbol "JFBI." More information about the Company and
Jefferson Federal Bank can be found online at www.jeffersonfederal.com.

The Jefferson Bancshares, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=3655

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CONTACT:  Jefferson Bancshares, Inc.
          Anderson L. Smith, President and CEO
            (423) 586-8421
          Jane P. Hutton, CFO
            (423) 586-8421
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